10-year instantaneous forward rate on government bonds (percentage points; nominal; interpolated; AAA rating) - Euro area - ECB - Daily
This series is part of the dataset: Euro-area government bond yield curves (ECB)
Download Full Dataset (.xlsx)Latest updates. Based on European Central Bank's statistics calculated on AAA-rated securities, the instantaneous forward rate on euro-area government bonds at the 10-year maturity stood at 3.76 percent on 29 December 2025, compared to 3.79 on 24 December 2025.
Sample. There are 5,448 data points overall in the daily time series displayed in the figure above. The series covers the time range going from September 2004 to December 2025.
History. Here's a peek at some statistics computed on the whole sample: the forward rate hit a trough of -0.40 percent on 9 March 2020; it reached its highest level of 5.74 on 2 June 2009; it had a mean of 2.87.
Latest values
| Date | Value - Percentage points |
|---|---|
| 2025-12-23 | 3.7766 |
| 2025-12-24 | 3.7862 |
| 2025-12-29 | 3.7583 |
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Series Metadata
| Field | Value |
|---|---|
| Description | 10-year rate ECB instantaneous forward yield curve (AAA bonds) |
| Country | Euro area |
| Economic concept | Interest rate |
| Data type | Constant-maturity nominal instantaneous forward rate on government bonds |
| Deflation method | Not applicable |
| Seasonally adjusted | No |
| Rescaling | None |
| Frequency | Daily |
| Unit | Percentage points |
| Source | European Central Bank |
| Source type | Central bank |
| Data licence | Free use subject to conditions |
| Measure type | Interpolated level |
Series in the same data set
Discover the other time series included in this data set.